What Can be Done About Debt Collection?

Are you being harassed by creditors? DO they call at all hours of the day and night? I've been there, and there is nothing like the sick feeling you get each and every time the phone rings. Just an irrational fear of the verbal lashing that you will get if someone actually hands you the phone. You know that you can just hang up, but it is still an inescapable feeling of dread.

It doesn't have to be that way. There are a couple of things you can do to resolve this while you are repairing your debt issues. I was, in fact, talking with a friend of mine the other day. Let's call him Debt Collection Sydney. Sydney was telling me the same sort of story. I said, well, why don't you disconnect your phone? In today's age of prepaid cell phones that are untraceable why use a home phone at all? I think he liked the idea, but he wanted a real resolution to his issue.

So, I told him that the fastest way to get the creditors off your back was to declare bankruptcy. His eyes got big, and he said I don't want to do that do I? He has a point. However, if you are faced with your credit and debt issues on an hourly basis you may be at a point where declaring make sense.

The only way to know for sure is to consult a credit professional (and many states provide them for free to assist folks in getting out of debt issues) to see if there is any way for you work out the situation you find yourself in currently. Once you get a clear picture and bankruptcy looks like the clear path, don't hesitate. You will be glad you didn't.

In case you just can't bring yourself to declare bankruptcy, even after reading everything here then don't just sit and wait. See if you can find some sort of lender who will allow you to refinance with bad credit. There are a good number of them out there waiting to help you out of your current situation. That being said, if you are unable to successfully make this happen, please look at the bankruptcy option again. If you find yourself back there make sure you give it the validity that it requires. Sadly there is a reason that you can find yourself staring back at that option once again - it may be the best one for your situation.